Crypto Liquidations Surge: Bitcoin and Ethereum Face $184 Million Market Shakeup

The cryptocurrency market experienced a major shakeup as forced crypto liquidations reached $184 million within 24 hours, primarily affecting Bitcoin and Ethereum traders. This dramatic event highlights the volatility of digital asset trading and raises concerns about market stability. Analysis suggests that rapid price shifts in major cryptocurrencies triggered a cascade effect across leveraged positions, leading to automatic closures by exchanges (forced liquidations) which intensified selling pressure on already volatile markets.